GatePass Capital LLC Sells 52,200 Shares of Oxford Lane Capital Corp. $OXLC

GatePass Capital LLC decreased its stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLC) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,600 shares of the investment management company’s stock after selling 52,200 shares during the period. GatePass Capital LLC’s holdings in Oxford Lane Capital were worth $624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital CS Group LLC lifted its stake in Oxford Lane Capital by 7.4% during the 4th quarter. Capital CS Group LLC now owns 16,424 shares of the investment management company’s stock valued at $240,000 after acquiring an additional 1,126 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of Oxford Lane Capital by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 6,167 shares of the investment management company’s stock worth $90,000 after acquiring an additional 1,476 shares in the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter valued at about $29,000. Fermata Advisors LLC lifted its position in shares of Oxford Lane Capital by 18.3% during the fourth quarter. Fermata Advisors LLC now owns 13,089 shares of the investment management company’s stock valued at $192,000 after purchasing an additional 2,024 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Oxford Lane Capital during the fourth quarter worth about $37,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

Shares of OXLC stock opened at $9.63 on Tuesday. Oxford Lane Capital Corp. has a 52-week low of $8.01 and a 52-week high of $22.70. The company has a 50-day simple moving average of $9.68 and a two-hundred day simple moving average of $11.75. The company has a market capitalization of $872.83 million, a price-to-earnings ratio of 2.11 and a beta of 0.64.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.20 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 24.9%. The ex-dividend date is Wednesday, September 16th.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.